WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) Sees Large Volume Increase – Should You Buy?

WisdomTree U.S. High Dividend Fund (NYSEARCA:DHS) saw unusually-high trading volume on Friday . Approximately 88,710 shares traded hands during trading, an increase of 232% from the previous session’s volume of 26,747 shares.The stock last traded at $105.7860 and had previously closed at $106.31.

WisdomTree U.S. High Dividend Fund Price Performance

The firm has a 50-day simple moving average of $102.66 and a 200-day simple moving average of $100.66. The firm has a market capitalization of $1.36 billion, a PE ratio of 15.51 and a beta of 0.70.

Institutional Trading of WisdomTree U.S. High Dividend Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DHS. Orion Capital Management LLC purchased a new position in shares of WisdomTree U.S. High Dividend Fund during the 3rd quarter worth $25,000. Private Trust Co. NA lifted its position in WisdomTree U.S. High Dividend Fund by 136.7% during the third quarter. Private Trust Co. NA now owns 284 shares of the company’s stock valued at $29,000 after purchasing an additional 164 shares in the last quarter. Financial Consulate Inc. purchased a new position in WisdomTree U.S. High Dividend Fund during the third quarter valued at $30,000. Assetmark Inc. grew its holdings in WisdomTree U.S. High Dividend Fund by 4,166.7% during the third quarter. Assetmark Inc. now owns 512 shares of the company’s stock valued at $52,000 after purchasing an additional 500 shares during the period. Finally, NorthRock Partners LLC increased its position in WisdomTree U.S. High Dividend Fund by 157.9% in the second quarter. NorthRock Partners LLC now owns 539 shares of the company’s stock worth $52,000 after buying an additional 330 shares in the last quarter.

WisdomTree U.S. High Dividend Fund Company Profile

WisdomTree Equity Income Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Equity Income Index (the Index). The Index is a fundamentally weighted index that measures the performance of companies with high dividend yields selected from the WisdomTree Dividend Index. At the index measurement date, companies within the WisdomTree Dividend Index with market capitalizations of at least $200 million and average daily trading volumes of at least $200,000 for the prior three months are ranked by dividend yield.